Azerbaijan’s revenues from operation of main gas pipelines in 2023 disclosed

Azerbaijan’s revenues from the operation of main gas pipelines, including the South Caucasus Pipeline (Baku-Tbilisi-Erzurum), in 2023 amounted to 2.516 billion manats ($1.480 billion at the current exchange rate), Report informs referring to data from the State Statistics Committee.

Compared to 2022, these revenues decreased by 8.1%.

Losses in the network of main gas pipelines at the end of 2023 increased by 18.2%, to 59.8 million cubic meters compared to the figure for 2022 at the level of 50.6 million cubic meters (an increase of 18.2%).

Some 39.283 million cubic meters of gas were transported through main gas pipelines in 2023 (an increase of 0.1%). At the same time, 55.6% of the total pumped volume fell on the South Caucasus Pipeline.